Analyst Ratings for Consolidated Edison Inc. (ED)Updated: 2017-07-28
Analysts covering Consolidated Edison Inc. (NYSE:ED) have given it a consensus rating of Underweight. ED had previously received a consensus rating of Underweight a month ago.
A buy rating was issued by 0 analysts, 0 issued an overweight rating, 10 gave a hold rating, 1 issued an underweight rating, and 6 gave a sell rating. Compared to three months ago, there has been an decrease of 1 in the number of analysts with a positive outlook on the stock. Meanwhile, the number of analysts pessimistic about the company has increased by 2.
ED was given price targets by several analysts. The most optimistic analyst gave a price target of 83.5, implying a possible profit of 1.36 percent. The most pessimistic analyst gave a price target of 65, implying potential capital losses of -21.1 percent. It is crucial to not blindly accept any price targets or stock ratings, because many analysts have it in their best interest to give positive coverage of certain stocks.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of 1.69 percent. That number becomes -0.81 percent if we expand the time horizon to include the past 3 months instead of just one. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.37 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -0.12 percent in FY estimates.
Investors like to see analysts making revisions in the same direction, as that raises confidence in the revisions. 2 analysts made positive revisions to their quarterly estimates over the past month, while 2 analysts made negative revisions. Over the same time period, 1 analysts revised their FY earnings estimates upwards, while 2 analysts decreased their estimates.
ED has an estimated earnings growth rate of -6.27 percent as forecasted by analysts. People on Wall Street often look at a company's PEG ratio. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. People often look for the PEG ratio to be under 1, even though it may be more relevant to compare the ratio to that of a firm's competitors. ED has a PEG ratio of -3.03.
In the trailing 52-weeks, ED hit 85.13 at the highest peak, while it's lowest trading point was 68.76. Currently the stock is 19.81 percent higher than its low, and 3.23 percent below the high. ED has a P/E ratio of 19. Investors typically compare the P/E ratio to a company's peers in the industry. The ED value stock report compares ED to some of its peers using value stock charts. The market cap of ED is $25.13 billion. ED's next earnings release will be on 0000-00-00, which is days away.